The implementation of GST 2.0 has brought a new wave to the Indian automobile industry. Companies like Maruti Suzuki, Hyundai, Kia, Tata, and Mahindra have announced significant price reductions on their vehicles. Customers are directly benefiting from this reduction, making vehicles across all segments, including hatchbacks, sedans, and SUVs, more affordable. If you’re considering a new compact SUV, this is a great opportunity. Let’s find out which top 5 compact SUVs are receiving the biggest discounts after the GST reduction.
Key Takeaways
Quick Read- Maruti Brezza
- Hyundai Venue
- Mahindra XUV 3XO
Maruti Brezza
The Maruti Brezza, known for its powerful performance, has become even more affordable after the GST reduction. The Brezza is under 4 meters long but features a 1.5-liter petrol engine, which previously attracted a 45% GST. Now, with the tax rate at 40%, its price has dropped by ₹30,000 to ₹48,000. Its price will now range from ₹8.39 lakh to ₹13.50 lakh (ex-showroom).
Hyundai Venue
The Hyundai Venue has benefited the most from GST 2.0, with a significant price reduction of up to ₹1.32 lakh. The SUV’s petrol (1.0L and 1.2L) and diesel (1.5L) variants have received significant price reductions. Previously, they were taxed at 29% and 31%, respectively, but now they have been reduced to 18%. The Hyundai Venue’s starting price ranges from ₹7.26 lakh to ₹12.05 lakh. Savings of ₹68,000 on the base variant and a full ₹1.32 lakh on the top diesel variant.
Kia Sonet
Like the Hyundai Venue, the Kia Sonet has also received the biggest benefit under GST 2.0, with a price cut of up to ₹1.64 lakh. Taxes on both the Sonet’s petrol and diesel variants have been reduced from 29% and 31% to 18%. Its starting price now ranges from ₹7.30 lakh to ₹14.10 lakh. Depending on the variant, the price reduction ranges from ₹70,000 to ₹1.64 lakh.
Tata Nexon
Tata Motors has also announced a price reduction of up to ₹1.55 lakh on its most popular compact SUV, the Nexon, effective September 22nd. The Nexon’s petrol and diesel variants will now be subject to a uniform GST rate of 18%, down from 29% and 31% respectively. The Tata Nexon, known for its stunning looks and robust build, has now become more affordable.
Mahindra XUV 3XO
While other companies implemented the GST reduction on September 22nd, Mahindra began offering its benefits to its customers on September 6th. The company’s only sub-4-meter SUV, the Mahindra XUV 3XO, is receiving a significant discount of ₹1.40 lakh on the petrol variant and ₹1.56 lakh on the diesel variant. Prices now range from ₹7.28 lakh to ₹14.40 lakh. Depending on the variant, the price reduction ranges from ₹71,000 to ₹1.56 lakh.
